The S&P 500 roared back to life on Tuesday led by Apple, Inc. after the U.S. Trade Representative released a long list of exemptions from the new 10% tariffs on an additional $300 billion in Chinese imports set to go into effect on Sept. 1. Tariffs on the exempted items do not go into effect until Dec. 15.
The USTR said cell phones and other electronic devices, including laptops, video game consoles and computer monitors, are also exempt until December. Certain articles of clothing and most footwear is also clear for another four months. Tariffs will be delayed for certain chemicals, household glassware and silverware, microwaves, jewelry, and sporting equipment as well….CLICK for complete article